Utah Code 73-10c-4.5. Nonpoint source project loans and grants — Project objectives — Water Quality Board duties
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(1) The Water Quality Board may make a loan from the Utah Wastewater Loan Program Subaccount created in Subsection 73-10c-5(2)(a) or from the Utah State Revolving Fund for Wastewater Projects Subaccount created in Subsection 73-10c-5(2)(b) or a grant from the Hardship Grant Program for Wastewater Projects Subaccount created in Subsection 73-10c-5(2)(c) to a political subdivision, individual, corporation, association, state or federal agency, or other private entity to acquire, construct, or implement a nonpoint source project.
Terms Used In Utah Code 73-10c-4.5
- Board: means the Board of Water Resources created in Section
Utah Code 73-10c-2 - Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Nonpoint source project: means a facility, system, practice, study, activity, or mechanism that abates, prevents, or reduces the pollution of waters of this state by a nonpoint source. See Utah Code 73-10c-2
- Political subdivision: means a county, city, town, improvement district, water conservancy district, special service district, drainage district, metropolitan water district, irrigation district, separate legal or administrative entity created under
Title 11, Chapter 13, Interlocal Cooperation Act , or any other entity constituting a political subdivision under the laws of this state. See Utah Code 73-10c-2 - State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Water Quality Board: means the Water Quality Board appointed according to Section
19-5-103 . See Utah Code 73-10c-2
(2) The Water Quality Board may only award a loan or grant for a nonpoint source project that will achieve one or more of the following objectives:
(2)(a) abate or reduce raw sewage discharges;
(2)(b) repair or replace failing individual on-site wastewater disposal systems;
(2)(c) abate or reduce untreated or uncontrolled runoff;
(2)(d) improve critical aquatic habitat resources;
(2)(e) conserve soil, water, or other natural resources;
(2)(f) protect and improve ground water quality;
(2)(g) preserve and protect the beneficial uses of waters of the state;
(2)(h) reduce the number of water bodies not achieving water quality standards;
(2)(i) improve watershed management; or
(2)(j) prepare and implement total maximum daily load (TMDL) assessments.
(3) The Water Quality Board shall:
(3)(a) determine the amount, term, and interest rate for each loan made under this section;
(3)(b) assure that adequate security is obtained for each loan;
(3)(c) establish criteria and procedures for determining priority nonpoint source projects and award loans in accordance with those priorities; and
(3)(d) make rules to implement this section in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act .